Frontier, Ren and Keep Network book 20% gains as Bitcoin claims $48K

Frontier, Ren and Keep Network book 20% gains as Bitcoin claims K

Bitcoin’s surge above $48,000 catalyzed a strong move from REN, KEEP and FRONT.

Bitcoin's (BTC) rise back above the $48,000 mark was back by similar moves from altcoins and analysts expect the market-wide rally to continue if the top-ranked digital asset can take aim at the $50,000 resistance level.

*Top 7 coins with the highest 24-hour price change. Source:* *Cointelegraph Markets Pro*

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Frontier (FRONT), Ren (REN) and Keep Network (KEEP).

Frontier's cross-chain app launch excites the community

Frontier is a decentralized finance (DeFi) aggregator that focuses on offering support for the Ethereum, Binance Smart Chain and Harmony blockchain.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for FRONT on Sept. 11, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

*VORTECS™ Score (green) vs. FRONT price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for FRONT turned green on Sept. 11 and climbed to a high of 80 around 34 hours before its price increased 66% over the next two days.

The sudden surge in price for FRONT came after the project announced the upcoming launch of version 2 of the Frontier app which allows users to link will all their cryptocurrency wallets through integration with wallet connect.

Ren moves towards full decentralization

Ren is an open protocol designed to facilitate interoperability and liquidity between different blockchains and offers one of the most used solutions for integrating Bitcoin with the growing DeFi ecosystem.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for Ren on Sept. 14, prior to the recent price rise.

*VORTECS™ Score (green) vs. REN price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for REN began to climb into the green zone on Sept. 13 and climbed to a high of 71 on Sept. 14, just as the price was beginning to increase by 40% over the next day.

The building momentum for REN comes following the Sept. 13 announcement that the RenVM testnet has integrated Greycore, a semi-decentralized validator set that will help the Ren ecosystem move closer to its goal of becoming fully decentralized.

Keep Network launches a new DAO proposal

The third biggest gainer on the 24-hour chart is Keep Network, a protocol comprised of off-chain containers for private data known as "keeps" that combine to create an "incentivized" network for storing encrypted private data on a public blockchain.

Data from Cointelegraph Markets Pro and TradingView shows that after reaching a low of $0.38 on Sept. 13, the price of KEEP rallied 45% to an intraday high at $0.55 on Sept. 15 as its 24-hour trading volume spiked 250% to $80 million.

*KEEP/USDT 4-hour chart. Source: TradingView*

The spike in KEEP price comes as the protocol released a DAO proposal that aims to combine the NuCyper and Keep communities under one governance platform.

The overall cryptocurrency market cap now stands at $2.182 trillion and Bitcoin’s dominance rate is 41.6%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Algorand

FRONT, ALGO and PRE rallied in excess of 40% as altcoins capitalize on Bitcoin’s range-bound price action.

On Thursday, bulls made a strong showing as Algorand (ALGO) and Solana (SOL) each steamrolled to new highs even as Bitcoin (BTC) continues to flounder under the $47,000 mark.

The strong performance from the altcoins gives further credence to the argument that the market is in an 'altseason', a phase that is typically characterized by surging altcoin prices when BTC is range-bound.

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Presearch (PRE), Frontier (FRONT) and Algorand (ALGO).

Presearch integrates Wyre into its marketplace

Presearch, a blockchain-based decentralized search protocol, registered a 61.3% gain in the past 24-hours and it appears that investors reacted positively to the project's recent addition as a search engine option on Android phones.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for PRE on Sept. 5, prior to the recent price rise.

*VORTECS™ Score (green) vs. PRE price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for PRE elevated into the green zone on Sept. 5 and reached a high of 71 around 84 hours before its price began to increase by 94% over the next day.

The renewed interest in PRE comes following the platform’s integration with Wyre that allows users to purchase PRE tokens directly through the marketplace with a credit card.

Frontier prepares to go mobile

The second-biggest gainer on the 24-hour chart is Frontier, a chain-agnostic decentralized finance aggregator that supports a number of blockchains, including Ethereum, Binance Smart Chain and Harmony.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for FRONT on Sept. 4, prior to the recent price rise.

As seen in the chart above, the VORTECS™ Score for FRONT began to pick up on Sept. 3 and reached a high of 72 on Sept. 4, around 48 hours before the price increased 80% over the next three days.

The surge in price on Sept. 9 comes as the project dropped a teaser video in their Twitter feed hinting at “A New Frontier” for the project and provided a screengrab of the Frontier protocol interface on a smartphone.

Algorand adoption on the rise

Algorand (ALGO), a permissionless pure proof-of-stake blockchain protocol, is once again on the list of top performers after hitting a new multi-year high at $2.48.

According to data from Cointelegraph Markets Pro, market conditions for ALGO have been favorable for some time.

*VORTECS™ Score (green) vs. ALGO price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for ALGO entered the green zone coming into the week and registered a high of 70 on Sept. 4, around 3 days before the price increased by 114%.

The continued bullishness for ALGO comes as the protocol prepares to roll out governance capabilities on Oct. 1 and the project also received a big vote of confidence from the government of El Salvador after it was chosen to help develop the country's blockchain infrastructure.

The overall cryptocurrency market cap now stands at $2.143 trillion and Bitcoin’s dominance rate is 41.1%.

Frontier